Hi,
I love using ratios. Great tool to explore if something is overvalued or undervalued.
All know what QQQ is.
NDTH is Nasdaq stocks percent that are above 200 day average
QQQ/NDTH shows you if market is excited or scared.
At the moment people are FOMOing which is never a good sign.
I will act as per diagonal line. Will update when this is above 18. Thats propably where I will buy again.
You may apply same to SPX/S5TH for SP500
Long story short,
I expect Nasdaq to drop.
I love using ratios. Great tool to explore if something is overvalued or undervalued.
All know what QQQ is.
NDTH is Nasdaq stocks percent that are above 200 day average
QQQ/NDTH shows you if market is excited or scared.
At the moment people are FOMOing which is never a good sign.
I will act as per diagonal line. Will update when this is above 18. Thats propably where I will buy again.
You may apply same to SPX/S5TH for SP500
Long story short,
I expect Nasdaq to drop.
Not
Nasdaq in the meantime
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.